Civic Intelligence

Codefi Foundation on Rural Innovation

990 • Fiscal year 2020 • EIN 81-2556748

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

PO Box 766Cape Girardeau, MO 63702

(573) 579-1901

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.04x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

49th percentile

4.7%

Higher net margin than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$72,870

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

67th percentile

16%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

94%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$806,127

Up $109,400 (+16%) from 2019

Net Assets

Up

$754,506

Up $61,032 (+8.8%) from 2019

Liabilities

Up

$51,621

Up $48,368 (+1487%) from 2019

Revenue

Up

$1,286,602

Up $625,090 (+94%) from 2019

Expenses

Up

$1,225,570

Up $692,284 (+130%) from 2019

Net Income

Down

$61,032

Down $67,194 (-52%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2016: $51,937Liabilities 2016: $13,2002016Assets 2017: $435,035Liabilities 2017: $24,950Net Assets 2017: $410,0852017Assets 2018: $556,313Liabilities 2018: $1,065Net Assets 2018: $555,2482018Assets 2019: $696,727Liabilities 2019: $3,253Net Assets 2019: $693,4742019Assets 2020: $806,127Liabilities 2020: $51,621Net Assets 2020: $754,5062020Assets 2021: $527,120Liabilities 2021: $4,953Net Assets 2021: $522,1672021Assets 2022: $460,489Liabilities 2022: $770Net Assets 2022: $459,7192022Assets 2023: $430,740Liabilities 2023: $178,605Net Assets 2023: $252,1352023Assets 2024: $251,056Liabilities 2024: $168,033Net Assets 2024: $83,0232024

Highlighted filing

2020

Assets$806,127
Liabilities$51,621
Net Assets$754,506

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $70,115Expenses 2016: $31,378Net Income 2016: $38,7372016Revenue 2017: $643,858Expenses 2017: $272,510Net Income 2017: $371,3482017Revenue 2018: $458,384Expenses 2018: $313,221Net Income 2018: $145,1632018Revenue 2019: $661,512Expenses 2019: $533,286Net Income 2019: $128,2262019Revenue 2020: $1,286,602Expenses 2020: $1,225,570Net Income 2020: $61,0322020Revenue 2021: $1,069,437Expenses 2021: $1,301,776Net Income 2021: -$232,3392021Revenue 2022: $1,927,331Expenses 2022: $1,989,779Net Income 2022: -$62,4482022Revenue 2023: $2,194,914Expenses 2023: $2,402,498Net Income 2023: -$207,5842023Revenue 2024: $3,124,299Expenses 2024: $3,293,411Net Income 2024: -$169,1122024

Highlighted filing

2020

Revenue$1,286,602
Expenses$1,225,570
Net Income$61,032
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$1,286,602
Mission and Program Overview

Mission

The foundation is dedicated to improving the quality of life for the residents of cape girardeau and the surrounding communities in southeast missouri, accelerating economic development through access to education, mentoring, technology, and capital, and providing increased and efficient internet, network, and technology connectivity and access to residents, businesses, customers, and visitors of historical downtown cape girardeau, missouri.

The foundation is dedicated to improving the quality of life by accelerating economic development through access to education, mentoring, technology, capital, and providing increased and efficient internet, network, and technology connectivity and access to citizens and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$488,440$471,026▼ $17,414
Accounts Receivable$39,855$157,084▲ $117,229
Land, Buildings, and Equipment, Net$131,620$149,898▲ $18,278
Cash and Non-Interest-Bearing Accounts$35,556$27,349▼ $8,207
Prepaid Expenses and Deferred Charges$1,256$770▼ $486
Total Assets$696,727$806,127▲ $109,400
Liabilities
Other Liabilities$0$43,500▲ $43,500
Accounts Payable and Accrued Expenses$3,253$8,121▲ $4,868
Total Liabilities$3,253$51,621▲ $48,368
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$693,474$754,506▲ $61,032
Total Net Assets Fund Balance$693,474$754,506▲ $61,032
Total Liabilities and Net Assets / Fund Balance$696,727$806,127▲ $109,400

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$137,041$99,132$236,173
Other Land Buildings$12,857$7,143$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chris CarnellExecutive DirectorFT$72,870$72,870
Dr James StapletonChairpersonFT$72,870$72,870

Board Members and Trustees

NameTitle
Glenn CampbellVice President
Jeffrey MaurerBoard Member
Tim GoodmanBoard Member
Chauncy BuchheitSecetary
Aaron PantonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Codefi LLCProgram Delivery And Software DevelopmenPO BOX 766, Cape Girardeau, MO 63702-0766$465,167
Revenue and Support

Revenue Composition

Contributions and Grants
$1,265,418
Program Service Revenue
$18,400
Investment Income
$2,684
Other Revenue
$100
All Other Contributions
$324,223
Change in Net Assets
$61,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$713,745
Grants and Similar Amounts Paid$280,000
Salaries, Compensation, and Employee Benefits$231,825
Total Fundraising Expense$6,094
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$240,000--$240,000
Other Salaries and Wages$204,928$4,900$5,600$215,428
Office Expenses$67,961$1,387-$69,348
Grants to Domestic Individuals$40,000--$40,000
Depreciation Depletion$1,428$29,158-$30,586
Fees for Services Other$19,500--$19,500
Payroll Taxes$15,628$375$394$16,397
Advertising$11,000-$100$11,100
Fees for Services Accounting-$6,490-$6,490
Insurance-$2,040-$2,040
Travel$1,438--$1,438
Fees for Services Legal-$941-$941
Other Expenses$571,819$483-$483
Total Functional Expenses$1,173,702$45,774$6,094$1,225,570
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ShoaiCape Girardeau, MO-1st 50k Competition$50,000
Gotoshift LLCPerrysburg, OH-1st 50k Competition$30,000
Outside 360 LLCCape Girardeau, MO-1st 50k Competition$30,000
Sportstrace IncSammamish, WA-1st 50k Competition$30,000
Swipesum IncSaint Louis, MO-1st 50k Competition$30,000
Upswot IncWilmington, DE-1st 50k Competition$30,000
Bold Cypress LLCOran, MO-1st 50k Competition$20,000
Elite Dysphagia Diagnostics & Speech Services LLCCape Girardeau, MO-1st 50k Competition$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program$43,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed and approved by the governing body before filing.

Form 990, Part VI, Section C, Line 18

Documents are made available upon request.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Codefi Foundation on Rural Innovation
EIN
81-2556748
Phone
5735791901
Address
PO BOX 766, CAPE GIRARDEAU, MO 63702

Signing Officer

Name
Chris Carnell
Title
Executive Director
Phone
5735791901
Signed
2021-11-10

Organization Details

Principal Officer
Dr James Stapleton
Formed
2016
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
0

Preparer

Firm
Kcoe Isom Llp
Address
2681 EAST MAIN STREET, JACKSON, MO 63755
Preparer
Dave Seabaugh
Phone
5732434343
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03018694
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02684
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06889
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt018400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt010961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt029791
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt015660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt017250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt092062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02684
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06889
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09638
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00380
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99620
IRS990ScheduleA/PublicSupportTotal509Amt03110756
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01283818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0654616
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0458349
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0643858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt070115
IRS990ScheduleA/Total509Grp/TotalAmt03110756
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01286502
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0661505
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0458414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0643858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt070115
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03120394
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137041
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099132
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0236173
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012857
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07143
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYCHECK PROTECTION PROGRAM
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0149898
IRS990ScheduleD/TotalLiabilityAmt043500
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt01ST 50K COMPETITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/CashGrantAmt130000
IRS990ScheduleI/RecipientTable/CashGrantAmt230000
IRS990ScheduleI/RecipientTable/CashGrantAmt330000
IRS990ScheduleI/RecipientTable/CashGrantAmt430000
IRS990ScheduleI/RecipientTable/CashGrantAmt530000
IRS990ScheduleI/RecipientTable/CashGrantAmt620000
IRS990ScheduleI/RecipientTable/CashGrantAmt720000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt01ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt21ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt31ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt41ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt51ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt61ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt71ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SHOAI
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SPORTSTRACE INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2SWIPESUM INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3UPSWOT INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4OUTSIDE 360 LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5GOTOSHIFT LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6BOLD CYPRESS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7ELITE DYSPHAGIA DIAGNOSTICS & SPEECH SERVICES LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0832705002
IRS990ScheduleI/RecipientTable/RecipientEIN1301220772
IRS990ScheduleI/RecipientTable/RecipientEIN2813166753
IRS990ScheduleI/RecipientTable/RecipientEIN3842743780
IRS990ScheduleI/RecipientTable/RecipientEIN4465274268
IRS990ScheduleI/RecipientTable/RecipientEIN5823437232
IRS990ScheduleI/RecipientTable/RecipientEIN6834709062
IRS990ScheduleI/RecipientTable/RecipientEIN7834513832
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0250 BIRDSONG LANE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12207 201ST AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2714 N 2ND STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3919 NORTH MARKET STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4627 GOOD HOPE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt527100 OAKMEAD DRIVE SUITE 103
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6769 STATE HWY CC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7312 STEPPING STONE WAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CAPE GIRARDEAU
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SAMMAMISH
IRS990ScheduleI/RecipientTable/USAddress/CityNm2SAINT LOUIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm3WILMINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4CAPE GIRARDEAU
IRS990ScheduleI/RecipientTable/USAddress/CityNm5PERRYSBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm6ORAN
IRS990ScheduleI/RecipientTable/USAddress/CityNm7CAPE GIRARDEAU
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1WA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3DE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6MO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd063701
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd198075
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd263102
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd319801
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd463703
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd543551
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd663771
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd763701
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS USES THE APPLICATION OF THE RECIPIENT ALONG WITH INFORMATION SUBMITTED AND ON GOING COMMUNICATION TO ENSURE FUNDS ARE EXPENDED PROPERLY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED AND APPROVED BY THE GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

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